News
Elevance is Latest to Invest in Home Health with CareBridge Acquisition
November 04, 2024 - The company’s health services subsidiary, Carelon, is planning to purchase value-based home health company CareBridge, allowing Elevance to join its insurer competitors in the home care space.
Elevance planning CareBridge acquisition estimated at $2.7 billion
October 29, 2024 - Elevance Health announced plans to acquire home health company CareBridge during its most recent earnings call, with Elevance Health CEO Gail Boudreaux saying it will serve as the foundation for subsidiary Carelon's home health business.
Elevance Health to scoop up value-based care company CareBridge
October 28, 2024 - Elevance Health plans to acquire home health company CareBridge in a deal that's reportedly worth $2.7 billion.
Insights from Nashville’s $2.7 billion-dollar man
October 23, 2024 - One of the biggest lessons entrepreneur Brad Smith has learned is that he can’t put 100% into everything. “The thing that I’ve learned over time is figuring out what the most important thing is and how to spend my time diving to the very bottom.”
Elevance Health Will Add to Carelon Portfolio with CareBridge Acquisition
October 17, 2024 - Elevance Health has signed a deal to purchase Carebridge, a manager of home care and community-based services.
Meet the 2024 Power 100: Disruptors
October 30, 2024 - Smith has had two startups — CareBridge and Mainstreet Health — break a ten-figure valuation in two years. CareBridge was also named the fastest-growing company in the nation by Inc. 5000 in 2022.
Two Russell Street Executives Named to Modern Healthcare's 40 Under 40 List
February 12, 2024 - Modern Healthcare’s 40 Under 40 awards highlight the accomplishments of notable individuals who are making a difference at their organizations and throughout the industry.
Two Russell Street Ventures Portfolio Company Executives Named to Modern Healthcare's 40 Under 40 Awards
February 12, 2024 - Bennett Graham of Main Street Health and Puneet Singh of CareBridge named to Modern Healthcare’s 40 Under 40 awards that recognizes the industry’s rising stars and next generation of leaders.
25 healthcare startups that are set to take off in 2024, according to top VCs
December 18, 2023 - As healthcare-investment activity dwindles, VCs are holding startups to high standards. Investors each named a startup they had invested in and one they had no financial ties to.
Brad Smith Named to Modern Healthcare's List of 100 Most Influential People in Healthcare
December 2, 2023 - The 100 Most Influential People in Healthcare awards & recognition program honors individuals in healthcare who are deemed by their peers and the senior editors of Modern Healthcare to be the most influential individuals in the industry, in terms of leadership and impact.
Investors see opportunity in high-needs Medicaid market
November 30, 2023 - A cooling market for Medicare Advantage has some investors seeing opportunities in Medicaid.
With two companies breaking ten-figure valuations, health care entrepreneur Brad Smith shares key to his success
October 13, 2023 - Smith’s two-year-old Nashville startup, value-based health care firm Main Street Health, closed a $315 million round of funding this week. The money will be used to expand their operations from 18 states to 26 next year.
Why Brad Smith, CareBridge chairman and Nashville resident, is betting on rural health care
October 9, 2023 - Brad Smith is trying to solve one of the most intractable problems in U.S. healthcare - the dwindling number of providers in rural communities.
These Startups Are a Bright Spot in Sluggish Healthtech Financing Market
October 12, 2023 - Companies in value-based care aim to tie healthcare payments to patient outcomes.
Main Street Health charts expansion as it banks $315M in funding
October 8, 2023 - Value-based care company Main Street Health is charting an expansion into eight additional states as it banks more than $315 million in new capital.
Main Street Health raises $315 million, expands to 26 states
October 9, 2023 - Value-based health care firm Main Street Health has closed a $315 million round of funding, according to a company news release, led by Oak HC/FT.
Main Street Health Rakes In $315M to Scale Value-Based Care in Rural America
October 11, 2023 - Main Street Health announced the close of a $315M funding round. The startup, which scales value-based care in rural areas also announced that it is expanding to 26 states.
Nashville health care startup raises $315M
October 9, 2023 - Nashville-based Main Street Health announced it has raised $315 million in new capital as it seeks to expand into 26 states.
Main Street Health secures $315M funding round
October 8, 2023 - Main Street Health nabs $315M from Oak HC/FT, MA Plans.
Main Street Health Announces $315M Financing Round to Expand Into 26 States
October 8, 2023 - Main Street Health, the nation's largest value-based healthcare organization exclusively serving rural America, announced its expansion into 26 states.
America’s Fastest-Growing Company is Tackling the Greatest Challenge in Health Care
August 15, 2023 - CareBridge ranked No. 1 on Inc. 5000 List.
CareBridge Ranks No. 1 on Inc. 5000 Fastest-Growing Companies List
August 15, 2023 - Nashville-based CareBridge is No. 1.
Nashville-Based Healthcare Company Recognized as Fastest-Growing in the Country
August 16, 2023 - CareBridge, a healthcare technology company founded in 2018, ranked number one on the annual list. It was also the first healthcare company to top the list in 10 years.
CareBridge Wins Nashville Best in Business Award
May 24, 2023 - Medicaid value-based care company named winner in 101 - 500 employee category.
Meet the 2022 Power 100: Disruptors
October 24, 2022 - It only took Brad Smith two years to create a unicorn. His value-based healthcare firm CareBridge closed a $140 million round of funding this year at a valuation of more than $1 billion, launching the startup into “unicorn” territory, a buzzy Silicon Valley term for startups with a ten-digit-plus valuation. That number is rare air for Nashville’s startup community, even for a business born out of the city’s massive healthcare industry.
CareBridge Raises $140 Million To Expand Value-Based HCBS Model Into Five More States
August 31, 2022 - In June 2022, CareBridge raised $140 million, and plans to use the funds to continue expanding its services across the country. The company provides a value-based care management solution in 11 states plus the District of Columbia for consumers receiving Medicaid home- and community-based services (HCBS). By 2023, CareBridge anticipates serving members in 16 states and the District of Columbia.
Valued-based care firm CareBridge nets $140M, reaches 'unicorn' status
June 10, 2022 - CareBridge, a startup that provides value-based care using technology, closed on $140 million in financing June 8 to launch the firm into "unicorn" status.
The company sends tablets to the homes of patients receiving home and community-based services so they can contact CareBridge clinicians — including physicians, behavioral health specialists, and pharmacists — 24/7.
Value-based care startup CareBridge clinches $140M to fuel expansion into more states
June 9, 2022 - The new investment and 10-figure valuation are proof points that the industry and health plans for solutions that better serve the Medicaid population, CareBridge executive chairman Brad Smith told Fierce Healthcare.
CareBridge Receives $140M in Financing to Expand Value-Based HCBS Model
June 8, 2022 - CareBridge – a value-based solutions platform for home- and community-based services – has closed on $140 million in financing. To date, the company has brought in $180 million in funding, including the $40 million it raised prior to its launch in early 2020.
CareBridge Closes $140M Financing to Expand Value-Based Care to Individuals Receiving Home and Community-Based Services
June 8, 2022 - CareBridge, the nation's leading value-based care solution for patients receiving home and community-based services (HCBS), announced today it has closed a $140M financing to continue expanding its services across the country.
CareBridge raises $140 million at more than $1 billion valuation
June 8, 2022 - A two-year-old Nashville startup has received a 10-figure valuation.
Value-based health care firm CareBridge has closed a $140 million round of funding, Executive Chairman Brad Smith said, led by existing investor Oak HC/FT, with participation from managed Medicaid plans Optum Ventures, CVS Ventures, Anthem Inc. and HLM Venture Partners.
Tennesseans Answer The Call: Volunteer State Leads Rapid Response Efforts For Ukrainian Requested Medical Supplies
April 26, 2021 - Tennessee is indeed the Volunteer State. From our government leaders to our hospitals, our non-profits, and our citizens, Tennesseans have rallied the cause and have led a remarkable, rapid response Ukrainian relief initiative.
Chutes & Ladders - Former CMMI Director Joins CareBridge Health
October 22, 2021 - Brad Smith, the former director of the Center for Medicare and Medicaid Innovation (CMMI) has taken on the role of executive chairman at CareBridge Health. Smith’s time at the delivery model testbed had him overseeing value-based healthcare programs across the country, experience CareBridge anticipates will translate well to its own work…
CareBridge Beefs Up Leadership Team
October 21, 2021 - Frist venture taps Brad Smith to be Executive Chairman. A home health care management company pieced together by Bill Frist and other local health executives last year has tapped Brad Smith to serve as Executive Chairman and Brandon Kerns to be Chief Financial Officer.
Brad Smith Joins CareBridge Health as Executive Chairman
October 20, 2021 - Brad Smith is back with the band. The former Aspire Health CEO has been named executive chairman of Nashville-based long-term support company CareBridge Health, Smith and CEO Mike Tudeen said.
Former CMMI Director Joins Home & Community-Based Services Provider CareBridge
October 20, 2021 - Former Center for Medicare and Medicaid Innovation Director Brad Smith is joining home and community-based services company CareBridge Health as Executive Chairman.
Former CMMI Director Brad Smith Joins CareBridge Health As Executive Chairman As Company Expands Into 10 States
October 20, 2021 - Leading Value-Based Care Company for Individuals Receiving Home and Community-Based Services Expanding into 10 States.
Brad Smith, Russell Street Ventures Launch Rural Health Care Startup
June 29, 2021 - Main Street’s first program, called Extra Access, will provide healthcare services to seniors, in partnership with rural primary doctors, urgent care clinics and independent pharmacies.
Russell Street Ventures Launches First Company
June 29, 2021 - Main Street Health offers concierge platform targeting rural Medicare patients.
Former CMMI chief Smith launching value-based care company targeting rural providers
June 29, 2021 - Main Street Health, launched by former Center for Medicare &Medicaid Innovation Director Brad Smith, aims to provide value-based care solutions in rural America
Former CMMI chief Smith launching value-based care company targeting rural providers
June 29, 2021 - Former Center for Medicare and Medicaid Innovation (CMMI) chief Brad Smith is using his value-based care experience to launch a new company that aims to bring those models to rural areas.
Brad Smith launches Main Street Health to fix rural healthcare
June 29, 2021 - “Brad Smith, the former Aspire CEO who recently served as the head of Medicare's Innovation Center, on Tuesday unveiled Main Street Health, which aims to transform rural healthcare by helping local healthcare providers deliver better care and get paid based on how well they do it.”
Nashville Tech Startup Sets Sights on Rural Tennessee Doctors Inundated with Ailing Patients
June 29, 2021 - “We believe this is going to be the biggest move toward value-based care in rural America," Smith said. "I believe it will improve care for a lot of people.”
Former Aspire Health CEO Launches Healthcare Firm Russell Street Ventures
March 2, 2021 - Nashville entrepreneur Brad Smith, a former top health official for the Trump administration, is launching a firm to create and grow healthcare companies to better serve the country's most vulnerable patients.
Aspire Health Co-Founder Brad Smith Launches Russell Street Ventures
March 2, 2021 - “The idea of doing two or three companies instead of just going back and doing one is [because] when I was in the federal government, you just saw so many problems that there is an opportunity to help solve and to make better," Aspire Health co-founder and former CEO Brad Smith said.
Back from D.C., Smith Launches Russell Street Ventures
March 2, 2021 - Firm to develop, scale innovative health care companies serving vulnerable populations.
Brad Smith Launches Russell Street Ventures
March 2, 2021 - “I am excited to return to the private sector to launch and help scale innovative companies that can solve some of our nation’s most difficult healthcare challenges,” Smith said. “There are so many ways that our nation’s healthcare system can be improved, and I am excited for the ways our team will be able to help drive that change.”
CMS Innovation Center at 10 Years — Progress and Lessons Learned
January 13, 2021 - A deep-dive into the lessons learned over the past ten years at the CMS Innovation Center. This peer-reviewed article offers specific recommendations on how to successfully launch and scale value-based payment models that decrease cost, improve quality and transform care delivery.
Anthem, Aspire Exec Brad Smith to Lead Medicare’s Innovation Center
January 6, 2020 - The Center for Medicare and Medicaid Innovation (CMMI)’s new director is Brad Smith, the U.S. Department of Health and Human Services (HHS) announced Monday.
